COLUMBUS – Last Monday, Governor John R. Kasich announced the approval of assistance for 10 projects set to create 886 new jobs and retain 685 jobs statewide, including one in Swanton.
During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $40 million in new payroll, and spur more than $38 million in investments across Ohio.
The projects include the move of Tronair, Inc. to the former BAX Global facility in Swanton Township. Tronair expects to create 110 full-time positions, generating $7.2 million in new annual payroll and retaining $6.8 million in existing payroll as a result of the company’s new project. Tronair designs and manufactures ground support equipment for aircraft.
The TCA approved a 1.715 percent, eight-year Job Creation Tax Credit for this project.